Yesterday’s meltdown of the crypto markets was not entirely negative, Bitcoin, although price dropped substantially, has remained resilient through its first financial crisis. The network has stayed up, and even made a higher low than 2018, and the halving is less than 60 days away. 1. Crypto Markets Weather First Major Global Crisis Even though we saw extreme devaluations in the crypto market this week, as weak hands capitulated en masse, Bitcoin and other crypto-assets […]
Bitcoin plummeted -29.71% overnight from yesterday’s high of $7967 to a low of $5600 in an epic sell off. The leading crypto has stabilized for the moment at $6065, but we may see further downside price movement as investors panic and a global recession looms. Crypto Market Sees Catastrophic Losses Bitcoin has had an apocalyptic sell off in the last 24 hours, while investors in many of the world’s financial markets are panic selling everything […]
The number of new Tether addresses has spiked in the last 24 hours prompting some analysts to suggest we may have another flash crash to the downside. This theory is based on the idea that traders are cashing out to USDT, to avoid incoming volatility in the crypto markets. Tether wallets see sharp rise 📈 $USDT Number of New Addresses (3d MA) increased significantly in the last 24 hours. Current value is 707.875 (up 9.9% […]
Bitcoin’s PoW consensus mechanism is secured by consumption of electricity, this is what makes each newly mined Bitcoin have value. The newest model to predict Bitcoin price is based on this minimum Cost of Production (COP) for newly mined Bitcoin, and its accuracy is startling. New model correlates with S2F and Bitcoin’s parabolic curve In the Bitcoin white paper, Satoshi laid out his vision for how Bitcoin’s incentive structure for miners mirrored that of physical […]
Even though Bitcoin has declined in price almost 26% since February 13th, this pullback does not signal the end of the Stock to Flow (S2F) price model. The sky is falling, should we be worried? Bitcoin’s S2F model is a long-term prediction which takes data from the previous Bitcoin halving events and calculates a range where prices are likely to follow in the future. According to its creator, PlanB, a pseudonymous Bitcoiner on Twitter, the […]
We are going to take a look at a few mistakes new Bitcoin traders often make when they have real money on the line. How to Stay in Control as a New Bitcoin Trader Let’s take a look at common mistakes made by inexperienced traders: Entering a trade without a plan in place could get you liquidated. When you trade Bitcoin you should have a rule set which you stick to, with your entry, stops, […]
Fidelity investments just announced that they made record profits in 2019. Can they do the same with their bitcoin and crypto investment arm? Fidelity Continues to Thrive and Adapt to an Ever-Changing Market Fidelity Investments just posted record profits for 2019. They had a 9.5% rise in operating income which brought the total to $6.9 billion. Fidelity’s revenue rose 2% to reach $20.9 billion, and they were also able to increase their Assets Under Management […]
42% of Bitcoin has not moved on-chain for at least two years, the highest concentration of hodling since June 2017. Is Bitcoin preparing for a parabolic bullish move? As of March 1st, about 42% of all BTC has not been moved on-chain (i.e. transacted) for at least two years. The amount of BTC untouched in more than two years has not eclipsed 42% since July, 2017. Read more in this week’s State of the Network:https://t.co/w0HtMWyw57 […]
In one of the craziest weeks in financial market history, the Fed has announced emergency economic stimulus to counter negative impacts from Covid-19. Shortly after, Bitcoin price bounced briefly above $8,900 before correcting. Did the Fed’s announcement pump Bitcoin price almost $200? Bitcoin has seemingly had a positive reaction to the Fed’s announcement of emergency stimulus to counteract the negative effects of the Covid-19 outbreak as new cases have been discovered in the US. Bitcoin […]
In what seems like a bizarro world reversal, oil has become more volatile than Bitcoin. Bitcoin is legendary for its high volatility and wild swings in price, although the turmoil affecting global markets may be strengthening its safe haven investment narrative. Oil markets have been a rollercoaster since the beginning of the year Oil markets are one of the world’s most important commodities markets, but recently they have been impacted by the global market panic […]
Over 150 million dollars worth of bitcoin long positions were liquidated today on Bitmex, the most seen in 2020 so far. Many of the liquidated positions were highly leveraged longs banking on bullish sentiment surrounding the upcoming BTC halving. Traders rekt, Arthur Hayes has the last laugh $150mln+ liquidations on BitMEX today – highest in 2020 pic.twitter.com/WO7aKyNhcI — skew (@skewdotcom) February 26, 2020 Traders on BitMEX, the largest volume Bitcoin derivatives trading exchange, are feeling […]
Bitcoin and other crypto-assets are both loved and loathed by traders for their epic volatility. While many have lost everything from it, others have made a fortune by getting in at the right time. So, how much would you have made if you invested $1,000 in BTC during the 2018 bottom? That Momentous Bitcoin Bottom Bitcoin has had an amazing start to 2020, up 44% since its yearly open price. So far, it has outperformedRead More
Bitcoin Twitter commentator PlanB has claimed that BTC is the only asset that has a Sharpe ratio of greater than 1. The Sharpe ratio describes the increased rate of return received for the extra volatility sustained when holding a riskier type of asset. Risk vs. Reward To understand the Sharpe ratio, one must take into consideration the returns of holding a risk-free asset, compared to holding a riskier asset with higher returns. In this case,Read More The post appeared first on Bitcoinist.com.
Hong Kong exchanged more fiat currency for Bitcoin than ever before last week, in the run-up to the tumultuous 70th anniversary of the Chinese state. Hong Kong: 7 Days, 173 bitcoins Data from monitoring resource Coin Dance, which tracks volumes on P2P exchanges, confirms that 12.3 million Hong Kong dollars (HKD) changed hands the week of September 28. The figure easily beats the previous record of 11.6 million, which Localbitcoins users set in January 2018.
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All’s well that end’s well. The US stock market seemed to have followed the message in spirit as it started the week and ended the month today on a ‘green note’. And speaking of green, greenback, the US dollar hit its highest level since 2017. Bitcoin markets haven’t stayed behind either as BTC rose 4% in the last 24 hours. ‘Monday Green’ Not ‘Monday Blues’ For US Dollar, Stock Markets As reported by the Financial
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Most of the centralized bitcoin and cryptocurrency exchanges saw a decline in activity during the last 30 days, according to TokenAnalyst data. Bitstamp is the only exchange to experience increased flow. Bitstamp is Amongst Best Performers in Terms of Net Flow Major crypto exchanges like Binance and Bitfinex saw their inflows and outflows dropping over the month, suggesting a decrease in activity. On the other side, Bitstamp noted an increase in the outflow of bitcoin.
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Data analysts at Longhash found that Bitcoin’s price action fluctuates most from midnight to 1 a.m. UTC. Could this present an opportunity for day traders? Does the Early Bird Get the Worm? A recently published report from Longhash found that Bitcoin’s most volatile trading hours occur between midnight and 1 a.m (UTC). The data analytics collective used Crypto Data Download to analyze Coinbase trading data from July 6, 2017, to July 2, 2019. The team
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Correlation between the Bitcoin market and the altcoin market dipped in the second quarter of 2019, claims Binance. The Malta-based cryptocurrency exchange pitted Bitcoin against thirty alternative cryptocurrencies to determine whether or not it moved in lockstep with them. The exchange noted that all the known altcoins were tailing the Bitcoin price trend positively in Q2/2019. Nevertheless, the speed at which they followed the leading cryptocurrency experienced a drop, implying that the altcoin market, as
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Thomas Zeeb, head of securities and exchanges for Swiss stock exchange (SIX), has been talking about its planned digital exchange. Speaking to finews.com, he explained how far along the SDX (SIX Digital Exchange) is, and why cryptocurrency trading is out. Cryptocurrency Trading Is Out? But I Thought… We all thought… even SIX initially suggested that the platform would include digital currency trading. However, it quickly rephrased itself, stating there was not yet a final decision on
In addition to launching a custody service, Fidelity Investments appears set to debut Bitcoin (BTC) trading for institutional clients. The news comes amid reports of Ameritrade and E-Trade quietly testing BTC trading on their respective platforms. $2.4 Trillion Dollar Fidelity Targets Bitcoin Trading According to Bloomberg, inside sources say Fidelity Investments plans to launch a Bitcoin trading platform. Reports say the service will cater to the firm’s institutional clientele and not be available to retail
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